Maine Revised Statutes

§1298. Reasonableness and good faith

1. Good faith.  Every agreement entered into under this chapter imposes on the parties the obligation to act in good faith.
[ 1995, c. 462, Pt. A, §22 (NEW); 1995, c. 462, Pt. A, §23 (AFF) .]
2. Reasonableness.  This chapter imposes on every term and provision of any agreement a requirement of reasonableness. Every term or provision of any agreement must be interpreted so that the requirements or obligations imposed are reasonable.
[ 1995, c. 462, Pt. A, §22 (NEW); 1995, c. 462, Pt. A, §23 (AFF) .]
SECTION HISTORY
1995, c. 462, §A22 (NEW). 1995, c. 462, §A23 (AFF).